Key Points
- Director Brian Ross Newman sold 500 Olympia Financial Group shares at C$103.50 each for C$51,750, reducing his holdings by 62.5% to 300 shares. He also sold 500 shares across transactions on August 18 and 20.
- Olympia shares opened at C$100, down 2.4%, with a market capitalization of approximately C$240.6 million and a 12-month range of C$98.00 to C$133.60.
- The company announced a monthly dividend of C$0.50 per share, implying a 6.0% annualized yield, while the stock retains a consensus Buy rating and a C$158.24 price target.
Olympia Financial Group Inc. (TSE:OLY - Get Free Report) Director Brian Ross Newman sold 200 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$104.25, for a total value of C$20,850.00. Following the sale, the director directly owned 800 shares in the company, valued at approximately C$83,400. The trade was a 20.00% decrease in their position.
Brian Ross Newman also recently made the following trade(s):
- On Wednesday, August 19th, Brian Ross Newman sold 500 shares of Olympia Financial Group stock. The shares were sold at an average price of C$103.50, for a total value of C$51,750.00.
- On Thursday, August 20th, Brian Ross Newman sold 300 shares of Olympia Financial Group stock. The stock was sold at an average price of C$104.00, for a total value of C$31,200.00.
Olympia Financial Group Trading Down 2.4%
Shares of OLY stock opened at C$100.00 on Friday. The stock has a 50-day simple moving average of C$104.71 and a 200 day simple moving average of C$113.26. The stock has a market capitalization of C$240.60 million, a P/E ratio of 13.16 and a beta of -0.00. Olympia Financial Group Inc. has a fifty-two week low of C$98.00 and a fifty-two week high of C$133.60. The company has a quick ratio of 1.59, a current ratio of 57.49 and a debt-to-equity ratio of 22.31.
Olympia Financial Group Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 31st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a c) annualized dividend and a yield of 6.0%. Olympia Financial Group's dividend payout ratio is currently 92.11%.
Analyst Ratings Changes
Separately, Fundamental Research set a C$158.24 target price on Olympia Financial Group and gave the stock a "buy" rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$158.24.
Check Out Our Latest Report on OLY
Olympia Financial Group Company Profile
(
Get Free Report)
Olympia Financial Group Inc ("OFGI") conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, corporate trust, and transfer agency services. OFGI also provides currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments Inc, and offers private health services plans and information technology services to exempt market dealers, registrants, and issuers through its subsidiary Olympia Benefits Inc OFGI's common shares are listed on the Toronto Stock Exchange under the symbol "OLY".
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
